Digital Transformation: What Are Cryptocurrency and Blockchain?

Description

Blockchain presents many opportunities for businesses around the world, though many people are still trying to wrap their heads around what it means and how it works. This easy-to-digest video explains all of this, and why it is an important aspect of knowledge around technology today. Length: 3:40

Analyze the core principles of blockchain technology and the significance of blockchain's incorruptibility and ability to prevent fraud and data tampering.;Evaluate the diverse applications of blockchain across industries and explore how blockchain facilitates microtransactions and automates machine-to-machine transactions, making previously unfeasible payment models practical.;Assess the transformative potential of blockchain in loyalty programs and customer engagement strategies and its contributions to inventory management, asset tracking, and supply chain integrity, exemplified by its implementation in major organizations.;Anticipate the ongoing disruption, innovation, and changes blockchain technology will bring to the realms of commerce, marketing, and data security.